Available For Sale - Office

9,063 SF

AVAILABILITY DETAILS

Size
9,063 SF
Price/SF
N/A - Contact for Info
Listing ID
SA435497
Notes
Building Size9,063 sqft

Occupancy66.7%

ZoningC2-2 C4-2 General Commercial

TenancyMultiple

Parking Spots49



HIGHLIGHTS

Only 66.7% leased with 3,018 SF of available space (3 Vacant Units)

$129,626 of NOI Growth projected by Year 1

Over 300 basis points of Cap Rate Growth projected by Year 1

Strategically situated a block north of the historic Wilshire Boulevard in the heart of Koreatown

Located on the SW hard signalized corner of W 6th St and S Berendo St that sees over 35,148 VPD

Situated in one of the country’s most densely populated urban areas with over 139,000 people living within a 1-mile radius and a daytime employment of over 50,000 people within a 1-mile radius

Superior accessibility with a near perfect walking score of 95 and an excellent transit score of 81

Ability to improve an already cash flowing investment with attractive contractual annual rent growth

A complementary mix of highly rated restaurants serving Asian cuisine that thrive in the local market

Located in a high barrier to entry market within a dense, infill urban Los Angeles neighborhood
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jordan Gomez, Colliers International